January, 2017

• 29 January

  Saudi, Kuwait climb again as UAE, Qatar underperform

  

    DUBAI / Reuters Middle East stock markets were mixed on Sunday as uptrends in Saudi Arabia and Kuwait continued to divert regional investors’ money away from the United Arab Emirates and Qatar. The Saudi index, which climbed 3.8 percent last week, rose a further 0.7 percent. Miner Ma’aden jumped 5.3 percent after issuing a statement describing progress in expanding ...

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• 29 January

  Wal-Mart to Wall Street dream dies as Citadel Securities CEO out

    Bloomberg Kevin Turner, who joined Citadel Securities as chief executive officer after a career that led from Wal-Mart cashier to the top-paying job at Microsoft Corp., is leaving the market-making firm just months after he was hired. Peng Zhao, previously global head of market making, replaced Turner as CEO, said company spokesman Zia Ahmed. When it was announced in ...

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• 29 January

  Digital transformation can boost UAE GDP by AED51.4bn in 3 years

  

    Dubai / Emirates Business Today we live in a world where we can complete our most routine, yet often time consuming tasks, be it doing the laundry, booking transportation, scheduling a delivery, or merely ordering food, with the touch of a button. And in a market where there is a distinct appreciation for convenience, this is proving to be ...

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• 29 January

  Etihad ESCO submits tender for region’s largest rooftop solar PV project

    Dubai /Emirates Business Etihad ESCO, the leading energy management services provider established by DEWA, has submitted a tender for the largest rooftop solar PV project in the region. Etihad ESCO will design and install the most comprehensive energy efficiency solutions and rooftop solar PV panels for a total of 640 villas in Hatta. The housing projects are developed under ...

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• 29 January

  Tasneef boosts UAE’s position as global maritime hub

    Abu Dhabi / Emirates Business The ‘UAE Summit of Marine and Maritime Leaders’ and the ‘Abu Dhabi Maritime Youth Summit for Empowering Emirati Youth Leaders in Maritime Domain’ have successfully concluded in Abu Dhabi. They were held under the patronage of HE Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development, and Chairman of the Federal Transport ...

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• 29 January

  Al Fajer EMS signs partnership pact with Fink Engineering

    Dubai / Emirates Business Al Fajer Emergency Medical Services, the UAE’s first non-hospital training centre for medical professionals accredited by the American Heart Association, signed a MoU with Australia-based Fink Engineering, the global leader in Hyperbaric chambers. This key partnership has been announced at the first participation of Al Fajer EMS at the Arab Health Congress 2017, reputed for ...

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• 29 January

  Abu Dhabi to host Global Space Congress

    Abu Dhabi / Emirates Business The UAE Space Agency will exhibit a range of cutting edge innovations and state of the art technology at the Global Space Congress – the region’s premier space event, which runs at The St. Regis Saadiyat Island Abu Dhabi on January 31 and February 1. The stand will include a 3D printing station which ...

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• 29 January

  Germany’s pride shifting to frustration as inflation rises

  

    Bloomberg Germany is cursed by its own economic strength. For eight years, the nation of 83 million people has been the euro area’s growth driver. Now it’s at the forefront of the currency bloc’s reflation, with price increases potentially exceeding 2 percent, and dissatisfaction with the European Central Bank has morphed into outrage. Critics and media are slamming the ...

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• 29 January

  Election season keeps Europe’s zombie tax on trading alive

    Bloomberg A European proposal for a tax on financial transactions is trapped in limbo: financial realities won’t let it come to life while political opportunism is preventing a quick death. The tax initiative is being kept alive largely for domestic political reasons as German Chancellor Angela Merkel bids for a fourth term and France prepares for presidential elections this ...

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• 29 January

  Chicago shoppers will soon pay tax for paper, plastic bags

    CHICAGO / AP Shoppers in Chicago will soon have to pay a checkout tax of 7 cents per bag at all retailers in the city unless they bring their own bags to stores. The tax, which starts Wednesday, is the city’s latest attempt to cut down on the use of disposable bags, which are usually given for free at ...

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